The Saginaw Promise combines private and public dollars to establish a scholarship to fund a maximum of up to $2,727 per year for a two-year degree and up to $8,000 per year of a four-year degree program at a public or private university, accredited trade or vocational school in Michigan. The Saginaw Promise is intended to be a “last dollar” scholarship, used to cover tuition and other mandatory fees not covered by federal, state, private, or other grants or scholarships.